Bitmain reveals that one of its suppliers increased the cost of components Will the price of mining hardware go up?
Bitmain reveals that one of its suppliers increased the cost of components Will the price of mining hardware go up? By Angel Di Matteo @shadowargelThe

increase in the price of components required by Bitmain

comes amid

an international shortage of chips for electronic equipment.

***

Chinese mining device manufacturer Bitmain

said

that one of its suppliers increased the price of the components needed to manufacture its equipment, which raises doubts about a possible increase in the cost of these hardwares

.

This was indicated by the Bitmain team in a publication through its Official Blog, where they point out that the Taiwan Semiconductor Manifacturig Company (TSMC) is increasing the costs of a component called “Wafer”,

measure that comes to place in the middle of the great international shortage of chips for high-end equipment.

In this regard, Bitmain members indicate that this especially affects the new mining devices, those of the AntMiner S19j Pro brand, whose availability is sold out until at least the first half of 2022. Let’s keep in mind that this new mining

hardware started shipping in pre-sale in the middle of this August.

Increase in the price of components

In relation to the price of components, the company said that TSMC sent a statement yesterday in which it reported that the Wafers needed to manufacture the mining

device would increase its costs by 20%

Wafers are disks made of silicon that are used in the construction of integrated circuits, which are key components for various electronic devices. In this case, they are elementary parts to ensure the operability of Bitcoin

mining equipment.

However, given the global chip shortage, TSMC held an internal meeting last week in which they discussed the increase in the price of Wafers

for the first time in the last 10 years, precisely because of the high demand for these components in the midst of the COVID-19 pandemic. In the end, a resolution was reached to increase the value of these components, a measure that would be effective at the beginning of 2022.

But in the statement sent by TSMC to Bitmain, the electronic components manufacturer indicated that the increase in the cost of the Wafers would take effect immediately, which advances the plans of the company.

ginally raised by the company in the face of growing demand for such parts.

Possible increase in Bitmain‘s miner prices ?

Although Bitmain informed its users and followers about this situation, the company has not yet made it clear whether this will mean an increase in the cost of mining devices in the short term.

In this regard, Bitmain notified that they will do their best to constantly increase the production capacity of AntMiner devices , especially in the context of the high demand they have recorded in just a few days.

Although the demand is already covered until mid-2022, it is unknown whether the situation with the Wafers supplier will lead to an increase in the cost of the mining devices they will manufacture from now on, which will already reach buyers from the second half of next year.

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Source: TheBlockCrypto, Bitmain Blog

Version by Angel Di Matteo / DiarioBitcoin

Image by Unsplash